In a large high-walled skillet, heat olive oil over medium-high heat. Add the chopped onion and jalapeƱo and cook until soft, about 3 minutes.
Add the rinsed rice to the skillet and cook, stirring often, until the rice is very lightly toasted, about 2-3 minutes. Then add garlic and cook until fragrant, about 1 minute.
Add the chicken broth, chili pepper, ground cumin, salt, and pepper. Stir and then bring to a boil. Once brought to a boil, lower heat to low and place a lid on your skillet and let simmer for 10 minutes.
After 10 minutes has passed, add the tomatoes with chiles and the rinsed black beans. Stir, place the lid back on, and cook until the rice is soft and has absorbed all of the broth, about another 10 minutes.
When the rice is soft, remove the lid and let the rice cook for a few minutes to firm up a little. Stir in the chopped cilantro and taste for seasoning, adding more salt or pepper if necessary. Enjoy!